Polycarbonate capacity will double in 2018

In recent years, China's polycarbonate production capacity is extremely lacking, the demand side is strong, and the profit margin is sufficient. In the “13th Five-Year Plan” new material planning, the country also proposes to increase the comprehensive support capacity of new materials products to 70%, key new materials. The guarantee capacity has reached 50%. Recently, the Ministry of Industry and Information Technology and the National Development and Reform Commission have also encouraged the development of polycarbonate in various preferential policies and major project libraries, which has continuously stimulated industry investors to join the ranks of the polycarbonate industry.

As a pioneer of domestically produced polycarbonate, Dafeng Chemical and Luxi Chemical have been successfully put into operation, and Yantai Wanhua New Construction Plant has also been completed. Costron announced on May 16 that it will further expand Shanghai polycarbonate production capacity by removing bottlenecks. Expanded to 600,000 tons / year, this information has stimulated the interest and enthusiasm of this latecomer to the Blue Ocean.

Different from the construction and project dispersion of other projects, the development of polycarbonate is obviously concentrated. In 2018 and beyond, more than 2 million tons/year of polycarbonate plants will be built, proposed or under investigation in China. The next two years will be the concentrated release period of China's polycarbonate production capacity. In 2018, the first agglomeration period of polycarbonate production capacity will be ushered in. According to the construction progress and plans announced by various construction units, Lutianhua Zhonglan New Materials The company and Luxi Chemical Group will complete the construction and commissioning in the first half of 2018. If it is smooth, Yantai Wanhua and Yangmei Group Qingdao Hengyuan, which were originally planned to be completed and put into operation in 2017, should be put into operation in 2018; in addition, Shandong Lihuayi's 100,000/ton annual polycarbonate plant was laid at the beginning of March 2017; Zhongsha (Tianjin) Petrochemical's 100,000/ton annual polycarbonate plant is also being promoted in an orderly manner, and its production is expected to be in 2017-2018. year. The smooth operation of these six companies will bring nearly 800,000 tons of capacity to the polycarbonate market in 2018, and the production capacity will almost double.

If the new equipment will be put into production as scheduled in the next two years, it will greatly increase the domestic PC production capacity, ease the embarrassing situation of serious mismatch between domestic production and demand, and greatly promote the development of domestic engineering plastics. However, with the successive launch of these devices, in the next two years, domestic PCs will face the dilemma of low-end products and lack of high-end products, and the domestic PC market will become the Red Sea. How to stand out in this Red Sea and maintain profits will be a common consideration for these polycarbon producers.